1:46 pm November 19, 2010, by Jay
No commentary necessary.
Common Sense isn't very Common
November 21st, 20102:38 pm
LLB – I am far from an Obama supporter. But if you were to have been in the construction or service industries during 2001-2010 you would have seen the number of illegal immigrant workers taking the jobs once held by American citizens.
If you were in the IT industry you would have seen the number of H1b visa holders taking jobs once held by American citizens.
If you or the company you work for employ either of these category of workers you should look to yourselves for being part of the problem with these unemployment numbers.
The number of unemployed or underemployed degreed workers in this country is way too high. The corporations are offshoring the middleclass rapidly.
What is the solution? I don’t have an easy answer either, but it cannot be blamed totally on either Bush or Obama.
I do know tax revenues are down partially from the fact that a lot of 1099s NEVER PAID TAXES.
Lil' Barry Bailout
November 21st, 20106:06 pm
Jay had a very interesting post a while back showing how over the last few decades, job growth has been slower to recover after a recession than in previous years, and it gets worse with each business cycle.
I blame the ever-expanding government. It takes more and more out of the productive part of the economy in taxes, it never stops adding new regulations, and it continues to sink its destructive tentacles into the education system. All this throws sand in the gears of innovation and entrepreneurship, which is where our growth comes from. Government also makes it easy for a large segment of our population to do nothing but collect entitlements paid for by people who work for a living.
The answer is to get government off the backs of our businesses and education system and kick the parasites in the ass.
November 21st, 20106:20 pm
We will eventually come out of this recession, after all there has never been a recession that we haven’t recovered from. However, it looks like job growth will be even slower than in the past, continuing the trend Jay pointed out. And no wonder–look at what’s happened with regulation and the additional burden of Obamacare that the Idiot Messiah has foisted onto Americans despite their very vocal and clear opposition.
November 21st, 201010:42 pm
LBB, you’ve just made it very clear that your opinion is that government is to blame for all of the problems that have occurred related to the recession, including being the base cause. You are wrong about that so we’ll just have to disagree, apparently.
Innovation and entrepreneurship are stifled primarily by other companies that are already in power creating a market whereby they get to be the top dog. They either actively seek out and destroy competition with their strong arm tactics, or they simply are so big that no one else can get any business. That’s hardly a free market. As for regulation, plenty of regulations were DROPPED under the Bush administration and that has led to more trouble over the past decade than in the previous 5. Obama and congress both haven’t even done much to reverse dropped regulations, and have barely added new ones except for the health care bill. Those regulations have not caused health care costs to go up any more than they would have otherwise, and only a handful of companies opposed the bill or got themselves exempted. The public, believing that the health care bill would force them to pay for something they can’t afford and/or exempt Muslims (both are not true), then expressed in opinion polls a dislike of the bill. Meanwhile the bill passed, and then on September 24 the public’s opinion changed when they realized what the bill actually DOES. Misinformation was far too powerful, and again that misinformation was coming from corporate interests.
It’s not the government that’s causing problems for the people right now, it’s corporations. They don’t have to, but they CHOSE to.
November 22nd, 20106:09 am
Greedy, profit-seeking corporations are holding down economic growth?
Does that make sense even to you?
November 22nd, 201011:00 am
LBB – Yes. Many are so greedy that they are deciding to NOT hire people even though they have plenty of money to do so. They are not producing as much as a result and if their bottom line is really to keep making profits, they need to both hire and produce. Otherwise where does the money go? You can’t survive, as a business, on “old money.” But many big businesses don’t seem to understand that and would rather “ride it out.” So much for taking risks, huh?
November 22nd, 201011:16 am
I don’t believe there are many companies who are forgoing sales. Companies are producing what they can sell. If they’re not hiring, it’s because they don’t need to. It ain’t charity, it’s business, and businesses are going to maximize their profits by increasing the revenue side and controlling the cost side.
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